KUALA LUMPUR, Dec 7 The ringgit is expected to recover and appreciate to 4.20 against the US dollar by the end of 2024, given the high likelihood that the United States Federal.
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The dark clouds forming on the global economic horizon indicate Bank Negara’s monetary policy objective will have a pro-growth bias as gross domestic product growth and inflation moderates in the second half of 2023.
Global inflationary pressures have risen in the eye of a perfect storm underpinned by supply disruptions, surging energy and commodity prices, and increased demand amid economic reopening. Back in Malaysia, most economists expect inflation to trend higher this year to reflect the rise in commodity prices and wages, but do not expect inflation to accelerate rapidly like in the US as domestic fuel subsidies limit the upside.